Sensex Surges Again: Closes Above 29,000 Points

After a brief pause on Wednesday, markets were back to winning ways with the Sensex closing past the 29,000 points.

It is now just 1,000 points away from hitting record levels. The Sensex ended the day higher by 118 points at 29,045 points, while the Nifty was up 34 points at 8,952 points in trade.

Today's gains were from a host of different sectors including those from pharma, auto and steel.

Among the top gainers from the Sensex were Bajaj Auto, Sun Pharma, Tata Steel, Hero Motor Corp and Maruti Suzuki.

On the other hand, IT stocks were crushed after reports that TCS could guide for lower revenues in the coming quarter. Shares in TCS plunged 5 per cent, while other losers from the space were Infosys, Wipro and HCL Tech. The drop was largely more of a sentimental impact

PSU Banking stocks continued to have a good day in trade with stocks like Union Bank and Syndicate Bank among the gainers.

Shares in Apetch rose after the company formed a strategic alliance with Montana International School for preschool education. The stock was locked at the upper end of the circuit filter in trade.

Technofab Engineering on the other hand jumped 22 per cent after the company bagged 2 order from Power Grid worth Rs 227 crores.

Meanwhile, European markets were absolutely flat, awaiting cues from the European Central Bank.